The Enforcement Process
When it has been reported, we can often stop scam artists before they take your money. Find out how to report fraud when you see it.
Information comes from internal and external sources.
Compliance, surveillance, corporate finance, market regulation, etc.
Complaints from the public, market participants or others.
The nature and seriousness of the issue are assessed in order to refer the case to the proper organization.
It may be determined at this point that no further action be taken by the Manitoba Securities Commission
Refer to Self Regulatory Organizations if the issue would be better addressed by Investment Industry Regulatory Organization of Canada or the Mutual Fund Dealers Association.
Gather evidence and facts, including interviewing witnesses and respondents.
Review and classify documents, prepare case brief, and consult with counsel to prepare for litigation.
Refer to RCMP, provincial or municipal police if there is evidence of criminal activity, or other appropriate regulatory agencies such as Insurance Council of Manitoba, Canada Revenue Agency or Manitoba Pension Commission.
Depending on the nature of the contravention, a matter can be brought to an administrative tribunal or to a provincial court.
Prepare Statement of Allegations or notice of heaing.
Contested hearing or negotiated settlement.
Sanctions and orders.
(Securities laws offences)
Prepare informationTrial or guilty plea fines and/or prison.